D1 - bearish potential divergence, key resistance level H1 - looking at the bullish structure and signs for reversal.
The RSI is trending down while the price of BTC has trended up. This is a bearish signal.
Bitcoin just back test bearish divergence at 60500$ ( Binance Futures ) 1. Short: 58000-59000$ 2. All short need make stop loss 60700$. 3. Take profit: TP1:52700$ TP2: 44500$. 4. Risk : Reward: 1:3
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Before we break through to all-time highs, we're probably due another correction. RSI bearish divergence indicates a drop coming up. The previous correction is highlighted as well for comparison. Disclaimer: I'm a know-nothing bozo. Don't listen to a word I say, don't say I didn't warn you.
A bearish divergence forming in the SPY daily chart. Supports other posts looking at a head and shoulders in the chart, which I personally don't see. Either way, a few red days may be coming. Not necessarily a full correction tho. I have cash on hand to buy at some decent discounts and hedges in place (puts purchased with premiums from covered calls) where the...
Beloved Tesla is looking bearish on the weekly and 11 day chart!! Who knows what will happen? I think that in the medium term it may go down however of course this stock has long term value, IMO! Not investment advice
Confirmation Checklist - Time of Day anticipating volatility to bring us lower through out this week - Looking for entry at/above weekly opening price - Higher time frame divergence between US30/Nasdaq/SPX - Clear targets where liquidity could be resting - Imbalance - Broker data feed gap near entry - Intraday time frame big money foot prints - Look at the...
Bitcoin has seen the 4HR ascending trendline breakdown following confirmed RSI bearish divergence & we should see bears follow through over the coming week, $48,500-$47,500 is my first area of interest & $42,000-$41,000 the main area for long term positions with maximum risk to reward opportunity.
The RSI forming a bearish divergence along with the increasing volatility over the pass few days, is this it? is this the top of the bull started since almost 1 year ago?
It's early to tell if this is a SHORT TERM reversal for this gorgeous fledgling stock. In long term months it may go up. In the medium term it may go down. in the short term it may go up. It's trading lower today. I have it going down on the daily and weekly chart. However on the 4 hour it looks like it MAY be reaching NEAR relative bottom/support. It went v...
On the 4hour chart prices have risen at each stage, forming a diagonal exhaustion pattern. This coupled with a loss of momentum on the MACD is pointing to a Bearish Divergence. If the break occurs on the downside then a wash to 40-41k is possible with very strong support at these levels. See what happens, its not confirmed until it breaks. My strategy is to sit on...
Bearish Target $1600 golden retrace on the monthly if the bearish divergence on the daily stacks into monthly divergence also would be strong momentum back to downside. The entire run up we created little to no support. Sentiment most bullish of time. People think BTC only goes up. 3700 bottom in March 2020 was never remotely tested
Hi all, Just like with BTC, there is a bearish divergence for ETH. We could also see how the price reacted once it touched the upper boundary of the rising wedge today. Not looking good. A correction to $1,530 is quite possible, so will be monitoring the development here. Cheers,
Hi guys, A quick one here. This is BTC, 4-hour chart. Looks like will be hitting the upper point of the cycle here, with $49,000 as the last possible peak before a down break. There is a rising wedge formation on the lower timeframe, which combined with the bearish divergence and the horizontal resistance around $48,000 could drive the price back down to at...
in the weekly timeframe, Bearish divergence is coming
H1 : Last candle triggered a doji pattern, coupled with a bearish divergence and a potential double top formation in progress (trigger level @ 34400 !) Therefore, it is likely to see a downside move, targeting at least MBB g 34764 ahead of the 34500 area Watch intermediate price action on M15 for confirmation of the expected above...